Iran News ...


7/29/05

Iran-Pakistan-India gasline plan making headway: report

Islamabad, July 29, IRNA-Iran, Pakistan, and India are going ahead with their four-billion-dollar gas pipeline project, a local press report from Islamabad said on Friday.

The Dawn newspaper reported that the talks on its various aspects were continuing among the three nations.

A meeting presided over by Prime Minister Shaukat Aziz last Wednesday discussed Pakistan's growing energy needs and decided to pursue the three proposed gas projects, the report said.

The other two proposals are gaslines from Qatar and Turkmenistan.

"The gas project from Iran is very much on the cards and will not be abandoned," the newspaper quoted a sources, privy to the ongoing tripartite talks on the project.

Italy's Eni, the sixth largest oil and gas producing company in the world, had expressed willingness to finance the project.

Some Indian concerns are also reported to be willing to finance it.

Two technical groups were conceptualizing the project structure with a view to making it safe, especially to the satisfaction of the Indians, the daily added.

"Both Iran and Pakistan have assured India that there would be no security problem vis-a-vis the proposed gas pipeline of 2,670 km," it quoted a senior government official as saying.

Pakistan and India are expected to appoint separate consultants to prepare structure for the formulation of consortia and other pros and cons of the project, the daily concluded.

... Payvand News - 7/29/05 ... --



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